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NEW CLOSE END FUNDS
BOND100 04-23-2007, 8:29 PM | Post #199256 |  76 Replies
0  
Few new funds are coming up:

1. Seligman LaSalle International Real Estate Fund.


LINK

I hope these links did work.

Originally posted in thread: 1746
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Re: New CEFs
shreinstein 12-22-2007, 8:42 AM | Post #2467798
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I sure pity the suckers that will buy into the IPO of the GLOBAL REAL ESTATE INVESTMENTS FUND.

 First, it is being pedaled in $1000 certificates comprised on a "variable number of shares" beginning at $10 per share. That's a big red flag as far as I'm concerned.

Second, the sales load on the IPO is a staggering 8.5%! That's unheard of in today's market. I think I paid 8% on broker commissions back in the early 70s, if I'm remembering it right. 

The CEF will be a rare "Interval Fund" with annual share repurchases of at least 5% and continuous offerings of shares.

Finally, the fund says:

"The Board of Trustees intends to consider the conversion of the Fund to an open-end investment company or the listing of the Fund’s shares on a national stock exchange by December 31, 2015."

So,  an interesting fund indeed. Should be fun to watch this one develop.

As always, thanks to Thomas for the heads up on the SEC filing. Much appreciated.

Happy holidays to all,

Steve 

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Nuveen Credit Strategies Fund
BOND100 01-11-2008, 10:45 PM | Post #2475490
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Nuveen Credit Strategies Fund

 

 

http://sec.gov/Archives/edgar/data/1412349/000119312508005404/dn2.htm

 

 

 

 

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Nuveen Municipal High Income Opportunity Fund 3
BOND100 01-18-2008, 6:29 PM | Post #2478059
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Nuveen Connecticut Municipal Income Opportunity Fund
BOND100 01-28-2008, 5:13 PM | Post #2481865
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ING Infrastructure Development Equity Fund
BOND100 02-08-2008, 5:42 PM | Post #2485784
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Hello, 

Symbol will be "IDE" for this CEF

http://sec.gov/Archives/edgar/data/1417802/000110465908008618/a07-28733_3n2a.htm

 

Thomas 

 

 

 

 

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Re: NEW CLOSE END FUNDS
hotcha 02-10-2008, 10:04 AM | Post #2486213
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I'll be interested in the ING IDE Infrastructure fund once it gets past the IPO stage.  Infrastructure as a play, especially in the EM world looks decent.  This one will have pretty broad definition including transport and telecommunications so is quite broad.  It will also sell calls on up to 1/3 of its holdings, so should be extra income, if limiting the upside in a real market surge.

I sold MFD, which was my play here, as it had started getting beaten up pretty well and the price had risen to 10% premium.  I made a nice gain and got the distys while I held it.  May buy it back when it looks to maybe have hit a bottom and if it goes back to a discount.

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DREYFUS HIGH YIELD MUNICIPAL INCOME FUND
BOND100 02-11-2008, 6:25 PM | Post #2486752
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Dreyfus Emerging Currency & Income Fund
BOND100 02-20-2008, 6:04 PM | Post #2489798
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FIRST TRUST/STONECASTLE BANK SELECT INCOME FUND
BOND100 02-22-2008, 11:17 PM | Post #2490655
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New CEF from Morgan Stanley
BOND100 05-14-2008, 7:53 PM | Post #2517902
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Hello,

This fund is an opportunity to invest in countries which are not in the MSCI Index.

 

Frontier emerging market countries currently include: Albania, Algeria, Angola, Azerbaijan, Bahrain, Bangladesh, Belarus, Bosnia, Botswana, Bulgaria, Cambodia, Croatia, Ecuador, Estonia, Georgia, Ghana, Ivory Coast, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Libya, Lithuania, Macao, Maldives, Mauritius, Mongolia, Montenegro, Morocco, Namibia, Nigeria, Oman, Panama, Qatar, Romania, Saudi Arabia, Slovenia, Sri Lanka, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Ukraine, United Arab Emirates, Uzbekistan, Vietnam and Zambia.

 

Here is the link

http://www.sec.gov/Archives/edgar/data/1434130/000110465908032493/a08-13845_1n2.htm

 

Thomas

 

 

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Re: New CEF from Morgan Stanley
shreinstein 05-14-2008, 8:12 PM | Post #2517912
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Thanks Thomas!

This CEF will plug a big coverage gap in my portfolio. Believe it or not, I have zero investments in Albania.

Now, if I can only find one that is over weighted in Myanmar, I'd be set!

 :-)

Steve
 

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Re: New CEF from Morgan Stanley
BOND100 05-15-2008, 7:44 PM | Post #2518273
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Steve,

It is good you did not mentioned the United Arab Emirates,

 Kuwait or Bahrain which are this listed there.

Their neighbors from  Dubai, The Dubai Fund   handed 11 Billion dollars  to Citygroup  to save them.

Here is the link

 

http://www.iht.com/articles/ap/2008/03/04/business/NA-FIN-US-Citigroup.php

 

 Thomas

 

 

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TCW Commodity Strategy and Income Fund, Inc.